B of A math error halts dividend increase

Apr. 28, 2014
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Bank of America customers use an ATM at a branch in Alhambra, California on April 16, 2014. The legal legacy of the housing bust weighed on Bank of America earnings resulting in a quarterly loss even as some operating units posted solid results. The US banking giant lost $276 million for the first quarter, with the biggest drag coming from $6 billion to settle a pile of lawsuits dealing mostly with BofA's sale of mortgage-backed securities. AFP PHOTO/Frederic J. BROWNFREDERIC J. BROWN/AFP/Getty Images ORIG FILE ID: 529029230 / FREDERIC J. BROWN AFP/Getty Images